Comments

winrockpost wrote on 1/31/2009, 7:09 AM
that didn't last long, seems like they just bought them
rmack350 wrote on 1/31/2009, 9:58 AM
Sounds like they don't have a choice.
apit34356 wrote on 1/31/2009, 3:49 PM
Business credit lines reductions( from devaluations of stock, assets, patents) are killing a lot of good companies. Many businesses have used their credit line for aggressive expansion and updating facilities, now some of these new assets have little value because there are no buyers for them. Philips has been hammered pretty hard by the EU assets devaluation and been forced to reduce their finical support of the USA division, forcing the USA division to sell off consumer electronic product lines for pennies.
ushere wrote on 1/31/2009, 9:54 PM
as they used to say, far out man!

i just gave up (well, last week) trying to persuade one of my mature students (i think mature might be the wrong term for him) from buying edius just because it was from 'grass valley' people. i pointed out that on that argument alone vegas (which he's used very happily) should shine like a beacon since it's from sony, but no, he had to have a 'pro' nle produced by a 'pro' company, not an nle from a 'prosumer' company.

well, i'm just going to sit here and smirk - i wont even say 'told you so.'

btw - could this herald the end of secam?



farss wrote on 1/31/2009, 10:31 PM
Might be a good time to buy another ADVC 300!

Edius has always impressed me as has Canopus hardware but times are very tough. Grass Valley are not the first and they will not be the last. They're also more, much more than just Edius. What happens to the Viper and the rest of the camera lineup. Not a good time to be smug about anything, no one knows where the axe could fall next.

Bob.
craftech wrote on 2/1/2009, 4:03 AM
I was looking forward to Procoder 4. Guess that's out. Sad state of affairs that is unlikely to change any time soon thanks to the same people running the show in the US government without the public realizing it.

John
OdieInAz wrote on 2/1/2009, 4:30 AM
>>Business Credit lines...

Now we are seeing the downside as all this leveraged debt is now being unwound. That's what we in the US have the TARP program - Borrow $Trillions from our creditors and give hundreds of billions to NYBanks so they can park the money at the Federal Reserve and draw interest.

Or loan $86B to Pfizer so they can buy Wyeth and lay off 20,000 or so.
blink3times wrote on 2/1/2009, 5:04 AM
"Now we are seeing the downside as all this leveraged debt is now being unwound."

Well.... there certainly is no downside on Wallstreet where all this started. Something like 18.4 BILLION in bonuses handed out this year. Your American Government needs to get a leash on these a**holes.
drmathprog wrote on 2/1/2009, 5:34 AM
Well, I'm sure they all earned every penny of their bonuses. Just image how bad things would be now if they had not been doing such a wonderful job. Perhaps if lesser mortals had been masters of the financial universe if their place if wouldn't have been merely the economy of planet Earth that melted down, it might well have been the economy of the entire galaxy! Just think about that the next time you're temped to begrudge them a few billions and a corporate jet or two. :-)
blink3times wrote on 2/1/2009, 6:00 AM
"Well, I'm sure they all earned every penny of their bonuses."

Yeah.... Your right.

It's really hard to start an economic downslide, but they did it with flying colors. I guess they deserve it after all! I mean what the heck... it's just more or less American tax dollars now anyway.
ushere wrote on 2/1/2009, 3:22 PM
well our chooks are laying, so i suppose i could raise a line of credit against future profits from the sale of eggs.

mind you, not sure whether sony would accept eggs as payment, but then again, at least they do have a stable, recognised value (nutritional if nothing else), which is more than can be said of the dollar

then again, we also have the local fox / madoff

boy, life is hard down on the farm.